Associate Professor
Ph.D in Management Science - Facultés Universitaires Notre-Dame de la Paix (FUNDP)
Major Coordinator
Track: Finance
LEM Member
  • 2006 : Ph.D in Management Science, Facultés Universitaires Notre-Dame de la Paix (FUNDP), Belgium
  • 2005 : Master of Science in International Securities, Investment and Banking, ICMA Centre, Henley Business School, University of Reading, United Kingdom
  • 1996 : Postgraduate Diploma in Management Science (DES), University of Liège, Belgium
  • 1996 : Master of Science in Management Studies, University of Northampton, United Kingdom
  • 1995 : Bachelor of Science in Economics (4-year Licence), University of Liège, Belgium
Professional Experiences
Academic Experience
  • 2016 - present, Associate Professor of Finance, IÉSEG School of Management, , France
  • 2014 - present, Associate Professor of Finance, Louvain School of Management - UCLouvain-Mons, Mons-Louvain, Belgium
  • 2011 - 2014, Assistant Professor of Finance (tenured), Louvain School of Management - UCLouvain-Mons, Mons-Louvain, Belgium
  • 2008 - 2011, Assistant Professor of Finance (tenured), Facultés Universitaires Catholiques de Mons (FUCaM), Mons, Belgium
  • 2006 - 2008, Assistant Professor of Finance (on tenure-track), Facultés Universitaires Catholiques de Mons (FUCaM), Mons, Belgium
  • 2003 - 2006, Doctoral Research Fellow, Intercollegiate Centre for Management Sciences (ICM), , Belgium
  • 2002 - 2003, Teaching and Research Assistant, Facultés Universitaires Notre-Dame de la Paix (FUNDP), Namur, Belgium
  • 1996 - 2000, Teaching and Research Assistant, University of Liège, , Belgium
Professional Experience :
  • 2000 - 2002, Fixed-Income Trader, Fortis Bank, Brussels, Belgium
  • 2000 - 2000, Fixed-Income Strategist, Fortis Bank, Brussels, Belgium
Scientific prizes and Awards
  • 2014 : 2014 Highly Commended Paper winner, Journal of Financial Regulation and Compliance
  • 2010 : Prize for the best 2010 paper published in Finance (AFFI Review), French Finance Association
  • 2009 : Chartered Alternative Investment Analyst, CAIA Association
  • 2008 : Financial Risk Manager (FRM), Global Association of Risk Professionals (GARP)
  • 2019 : Expert, Parliamentary Commission of Work Time Commission, Invitation to testify on work time reduction, Belgian Federal Parliament (Chamber of Representatives)
  • 2016 : Expert, Parliamentary Commission of Inquiry on the Bankruptcy of Optima Bank, Belgian Federal Parliament (Chamber of Representatives)
  • 2013 : Expert, Special Parliamentary Commission of Inquiry on the Follow-Up to the Financial Crisis (related to High-Frequency Trading), Belgian Federal Parliament (Chamber of Representatives)
Published Papers in Refereed Journals
  • Desagre C., D'Hondt C., Petitjean M., (2022). The rise of fast trading: Curse or blessing for liquidity?, Finance, Forthcoming (June) 41.
  • Erdemlioglu D., Petitjean M., Vargas N., (2021). Market Instability and Technical Trading at High Frequency: Evidence from NASDAQ Stocks, Economic Modelling, 102 (September) 1-14.
  • Petitjean M., (2021). Judging the functioning of equity markets in 2020: A bird's-eye (re)view, Bankers, Markets & Investors (Banque & Marchés), forthcoming (forthcoming) 16.
Show all
  • Laly Floris, Petitjean M., (2020). Mini Flash Crashes: Review, Taxonomy and Policy Responses, Bulletin of Economic Research, 72 (1) 1-21.
  • Mazza P., Petitjean M., (2019). Testing the effect of technical analysis on market quality and order book dynamics, Applied Economics, 51 (18) 1947-1976.
  • Petitjean M., (2019). Eco-Friendly Policies and Financial Performance: Was the Financial Crisis a Game Changer for Large US Companies?, Energy Economics, 80 (xx) 502-511.
  • Mazza P., Petitjean M., (2018). Implicit transaction cost management using intraday price dynamics, Applied Economics, 50 (39) 4264-4274.
  • Petitjean M., (2018). What explains the success of reward-based crowdfunding campaigns as they unfold? Evidence from the French crowdfunding platform KissKissBankBank, Finance Research Letters, 26 (September) 9-14.
  • Vrins F., Petitjean M., (2018). Extreme events and the cumulative distribution of net gains in gambling and structured products, Applied Economics, 50 (58) 6285-6300.
  • Boullenger V., Petitjean M., Daguet P., (2017). Capital-risque et performance à court terme de l’entreprise après introduction en bourse, Revue Bancaire et Financière, 2017 (6) 1-14.
  • Mazza P., Petitjean M., (2016). On the usefulness of intraday price ranges to gauge liquidity in cap-based portfolios, Economic Modelling, 54 67-81.
  • Mazza P., Petitjean M., (2015). How integrated is the European carbon derivatives market?, Finance Research Letters, 15 18-30.
  • Godart C., Petitjean M., (2015). Que valent les lettres d'investissement? – Le cas de Test-Achats invest, Revue Bancaire et Financière, 6 475-483.
  • Boudt K., Petitjean M., (2014). Intraday liquidity dynamics and news releases around price jumps: Evidence from the DJIA stocks, Journal of Financial Markets, 17 121–149.
  • Godart C., Petitjean M., (2014). De la Médiocrité des conseils d’Investissement de Test-Achats invest sur actions Individuelles, Brussels Economic Review / Cahiers Économiques de Bruxelles, 14 (4) 210–227.
  • Mazza P., Duvinage M., Petitjean M., (2014). Testing the profitability of contrarian trading strategies based on the overreaction hypothesis, Bankers, Markets & Investors (Banque & Marchés), 133 4-10.
  • Petitjean M., (2013). Bank failures and regulation: A critical review, Journal of Financial Regulation and Compliance, 21 (1) 16-38.
  • Mazza P., Duvinage M., Petitjean M., (2013). The intra-day performance of market timing strategies and trading systems based on Japanese candlesticks, Quantitative Finance, 13 (7) 1059-1070.
  • Caliman T., D'Hondt C., Petitjean M., (2013). Determining an optimal multiplier in dynamic core-satellite strategies, Journal of Asset Management, 14 (4) 210–227.
  • Petitjean M., (2012). Political idealism and economic realism: A forced marriage to preserve the Eurozone, Revue Bancaire et Financière, 4 215-223.
  • Lesplingart C., Majois C., Petitjean M., (2012). Liquidity and CDS Premiums on European Companies around the Subprime Crisis, Review of Derivatives Research, 15 (3) 257-281.
  • Lebrun S., Petitjean M., (2011). Risk management and hedge fund investing: The Amaranth case, La Revue des Sciences de Gestion, 46 (249-250) 27-32.
  • Petitjean M., (2011). How to think about high-frequency trading firms, Revue Bancaire et Financière, 1 70-72.
  • Giot P., Petitjean M., (2011). On the statistical and economic performance of stock return predictive regression models: An international perspective, Quantitative Finance, 11 (2) 175-193.
  • Moyaert T., Petitjean M., (2011). The performance of popular stochastic volatility option pricing models during the Subprime crisis, Applied Financial Economics, 21 (14) 1059-1068.
  • Delcourt F., Petitjean M., (2011). To what extent is resampling useful in portfolio management?, Applied Economics Letters, 18 (3) 239-244.
  • Giot P., Laurent S., Petitjean M., (2010). Trading activity, realized volatility and jumps, Journal of Empirical Finance, 17 (1) 168-175.
  • Beaupain R., Dauginet S., Petitjean M., (2010). Variations communes de liquidité au sein de portefeuilles de faible, moyenne et forte capitalisation: Les enseignements des crises financières asiatique et russe, Revue Bancaire et Financière, 2010 (1) 49-56.
  • Beaupain R., Giot P., Petitjean M., (2010). Volatility regimes and liquidity co-movements in cap based portfolios, Finance, 31 (1) 55-79.
  • Petitjean M., Sauvage H., (2010). Competitive conditions in the Belgian banking sector between 2002 and 2008, Revue Bancaire et Financière, 8 499-505.
  • Petitjean M., Taleb S., (2009). Notional interest deduction and cost of equity reduction: An empirical application of the CAPM, Revue Bancaire et Financière, 2-3 178-185.
  • Petitjean M., (2009). Behavioral biases, moral hazard, and fair regulation, Revue Bancaire et Financière, 1 63-71.
  • Petitjean M., Mazza P., (2009). An intra-day performance analysis of the MACD technical indicator, Revue Bancaire et Financière, 6 445-450.
  • Giot P., Petitjean M., (2009). Short-term market timing strategies using the Bond Equity Yield Ratio, The European Journal of Finance, 15 (4) 365-384.
  • Petitjean M., Waelput J., (2008). Volume, listing changes and liquidity contract on Alternext, Revue Bancaire et Financière, 8 488-496.
  • Giot P., Petitjean M., (2007). The information content of the Bond-Equity Yield Ratio: Better than a random walk?, International Journal of Forecasting, 27 (2) 289-305.
  • Petitjean M., (2004) Le guide du trader, Dunod,, Paris.
Book Chapters
  • Petitjean M., (2015), Le modèle de régression linéaire simple, in: Introduction à l'économétrie - Une approche moderne.
  • Petitjean M., (2015), Corrélation sérielle et hétéroscédasticité dans l’analyse des séries temporelles, in: Introduction à l'économétrie - Une approche moderne.
Peer Review Proceedings
  • Petitjean M., (2011), Bank failures: A critical review of preventive and remedial measures, in: La crise économique et financière : quelles conséquences ? CIFoP, pp..
Research field
  • Asset and risk management, financial modeling, market microstructure, ethics in finance, structured products, financial regulation
Grande Ecole Program:
  • Finance strategy and company observation
  • Technical analysis
  • Credit risk management
  • Corporate social responsibility and sustainability
  • Coaching cfa level i
International MBA :
  • Introduction to financial data services
  • Firm valuation
MSc in Investment Banking and Capital Markets :
  • Portfolio management : fixed income securities
  • Fixed income securities analysis